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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Denka Company Limited    4061   JP3549600009

DENKA COMPANY LIMITED

(4061)
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Denka : Agilyx AS (AGLX-ME) - Agilyx and Toyo Styrene Advance Development of facility in Chiba, Japan

12/01/2020 | 03:19am EST
Tigard, Oregon, December 1, 2020, Agilyx Corporation (AGLX-ME), a pioneer in the
advanced recycling of post-use plastics, and Toyo Styrene Co., LTD ("Toyo
Styrene"), an affiliate of Denka Company Limited announced today the 30%
completion of the final phase of the Front End Loading ("FEL") design
development (FEL3) to deploy the Agilyx technology near Toyo Styrene's facility
in the Chiba Prefecture of Japan.<br />
<br />
The facility will focus on recycling post-use polystyrene plastic back to a
styrene monomer. In April 2020, Agilyx announced the licensing of its technology
to Toyo Styrene. This announcement marks a significant step forward toward the
realization of a truly circular process. <br />
<br />
"We are extremely proud of the work that members of Agilyx and Toyo have
accomplished to get the project to this point," said Tim Stedman, CEO of Agilyx.
"This further solidifies the efforts going on at Agilyx to increase global
plastic recycling through circular pathways. We are excited to provide our
proven solution into the Asian Markets that will greatly improve recycled
plastic content availability." <br />
<br />
"I am very satisfied with the progress of design development for this project.
Despite the tough situation brought on by COVID-19 at the beginning of this
year, the teams at both companies have been working hard, making the best of
long-distance collaboration." said Sanshiro Matsushita, President of Toyo
Styrene." There is a real need in Japan for Chemical Recycling of PS which the
market is calling for, providing an ideal atmosphere for this project."<br />
<br />
The state-of-the-art advanced recycling facility is designed to convert up to 10
tons per day of post-industrial and post-consumer polystyrene into a styrene
monomer that will be purified using Toyo Styrene's proprietary purification
process. Styrene monomer produced from this process has a significantly lower
carbon footprint compared to virgin monomer. The facility is on target to meet
the initial goal of commencing operations in early 2022. <br />
<br />
<br />
About Agilyx <br />
<br />
Agilyx (AGLX-ME), is a pioneer in the advanced recycling of difficult-to-recycle
post-use plastic streams. With Agilyx's chemical recycling technology and
intelligent feedstock management system, mixed plastic waste can be converted to
new virgin-equivalent plastics, as well as chemical products and fuels -
creating the opportunity for true circularity. The company has not only
developed these first-to-market products, but has also developed a feedstock
management company Cyclyx International, Inc. and is working with many waste
service providers, municipalities, petrochemical, and brand and retail companies
to develop closed-loop advance recycling solutions for mixed waste plastics.
Contact us to have your plastic waste streams recycled at info@agilyx.com. For
more information, follow us on social media and visit us at www.agilyx.com.<br
/>
<br />
About Toyo Styrene<br />
Toyo Styrene was established in April 1999 as a company of consolidated
polystyrene business carved out from Denki Kagaku Kogyo Kabushiki
Kaisha(Current: Denka Co., Ltd.), Nippon Steel Chemical Co., Ltd.(Current:NIPPON
STEEL Chemical & Material Co., Ltd.),and Daicel Chemical Co.(Current:Daicel
Corporation). Since then, Toyo Styrene has been developing constantly the new
high performance grade for answering the needs of customers such asEX7,  HMT1,
GA, Eneryts and FR-PS as well. For more information, follow us on social media
and visit us at www.toyo-st.co.jp.<br />
Media Contact<br />
<br />
<br />
<br />
Contacts:<br />
Agilyx<br />
Kate Ringier<br />
VP, Communications & Government Affairs<br />
+41 78 822 7770<br />
kate.ringier@agilyx.com<br />
<br />
Toyo Styrene<br />
Hiroshi Higuchi, Executive Officer, the office manager, environmental measures
promotion office, Toyo Styrene Co.,Ltd.<br />
+81-3-3519-5602<br />
h-higuchi@toyo-st.co.jp

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Sales 2021 354 B 3 409 M 3 409 M
Net income 2021 23 667 M 228 M 228 M
Net Debt 2021 82 867 M 799 M 799 M
P/E ratio 2021 15,5x
Yield 2021 2,94%
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EV / Sales 2021 1,27x
EV / Sales 2022 1,21x
Nbr of Employees 6 316
Free-Float 93,0%
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Number of Analysts 7
Average target price 4 224,29 JPY
Last Close Price 4 255,00 JPY
Spread / Highest target 19,9%
Spread / Average Target -0,72%
Spread / Lowest Target -17,3%
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Managers and Directors
NameTitle
Manabu Yamamoto President & Representative Director
Shinsuke Yoshitaka Chairman
Norihiro Shimizu Director & Chief Scientific Officer
Masaharu Suzuki Director & Head-Engineering
Mitsukuni Ayabe Director
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